Rosenblatt analyst Barton Crockett raised the firm’s price target on Apple (AAPL) to $276 from $268 and keeps a Neutral rating on the shares. The company reported fiscal Q2 upside and much better than consensus revenue guidance for Q3, the analyst tells investors in a research note. The firm believes Apple has had meaningful supply chain and tariff issues but is navigating that very well, and “enjoying a very popular product cycle.” However, this is is “reasonably discounted in the shares,” contends Rosenblatt.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple price target raised to $310 from $300 at Wells Fargo
- Apple price target raised to $330 from $315 at Morgan Stanley
- Apple price target raised to $253 from $248 at Barclays
- Closing Bell Movers: Apple higher after stronger than expected guidance
- ‘Time to Follow Tim Cook,’ Says Top Investor About Apple Stock